In Memory Data Grid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The In Memory Data Grid Market attained a value of USD 1.82 billion in 2020 and is expected to reach USD 3.72 billion by 2026 and register a CAGR of over 12.81% over the forecast period 2021 - 2026. In Memory Data Grids are suited to handle Big Data's big-three V's: variability, velocity, and volume.
Key HighlightsThe In-Memory Data Grid market is moderately fragmented consisting of various vendors such as GridGain, Hazelcast, Software AG, Oracle Corporation, and GigaSpaces Technologies Inc., among others. Vendors in the market are aiming to capitalize on opportunities by focusing on its applications in e-commerce, financial-instrument pricing in banks, and others. Vendors are adopting several organic and inorganic growth strategies, such as partnerships and collaborations, new product launches, and mergers and acquisitions, to strengthen their presence in the market. Some of the recent developments in the market are:
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